Targeted Employment Area: Magoffin County, Kentucky

Created on 12/16/2017 3:31:26 AM (GMT)(GMT)

UPDATE: The Bureau of Labor Statistice release 2016 unemployment averages for Magoffin County in April.

The sections below outline two sets of Local Area Unemployment Statistics (LAUS) for Magoffin County Kentucky and the EB-5 program. The ACS 5-Year is from the American Community Survey and the more recent data provided by the project's city, Magoffin County, Kentucky to the Bureau of Labor Statistics. In the report below, if the "Qualifies" column indicates "Yes" , then Magoffin County qualifies by either the ACS or the BLS (or both). Please note that if the ACS data qualifies and the more recent BLS data indicates does not, there is an indication that employment conditions are improving and that a project in Magoffin County may not be granted a designation letter -- or depending on project type, target areas, and Kentucky requirements, an EB-5 project may considered by either ACS or BLS unemployment rate during the approval processes.

Magoffin County Kentucky Employment Status

Source County FIPS Population Labor Force Employed Unemployed Unemployment Rate Qualifies
ACS 21153 10,376 4,173 3,663 510 12.2% Yes
BLS 21153 n/a 3,237 2,629 608 18.8% Yes

Supporting EB-5 Regional Centers

Sorry, we do not have any record of an EB-5 Regional Centers supporting this area; however, please contact us and we'll get you the assistance you need.

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